Multiple Choice
For ratification to be effective, the:
A) agent cannot disclose the name of the principal.
B) principal must have been in existence at the time of the agent's action.
C) agent must have the capacity to complete the unauthorized act and ratify it.
D) necessity of the principal should not be served by subagents.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Is a principal liable for the acts
Q5: After Bart and Veronica were involved in
Q6: Any act that the principal could have
Q7: When Nancy's aunt left for her annual
Q8: Ratification does not release the agent from
Q10: Direct liability occurs when the:<br>A) agent is
Q11: The principal is bound by representations that:<br>A)
Q12: Misrepresentations by an agent made with the
Q13: An agent can limit the liability for
Q14: Ratification may be inferred from the principal's